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Property profile & analytics
OFF-MARKET
Industrial properties

1116 Center St Portage, MI 49024

8,500 SF 1 ac lot Built 1973
Property ID
Property summary
AI-generated overview

This exceptional 8,500-square-foot industrial building is situated on a one-acre lot in a prime Portage, MI location. Boasting excellent curb appeal and high daily traffic visibility, this property offers unparalleled flexibility for a wide range of businesses. The building features a spacious front reception or showroom area, perfect for client interaction, along with ample workspaces to accommodate various operational needs. A substantial warehouse component, boasting 16-foot ceilings, provides extensive storage or production space. Two bathrooms are conveniently located within the building. Recently renovated office space offers a modern and efficient work environment. The property is equipped with ample power, making it suitable for businesses with significant energy demands. Zoned for light industrial use, this property complies with all necessary regulations. The deep lot provides additional space behind the building, offering potential for expansion or outdoor storage. A significant advantage is the newly installed Metronet fiber internet service, ideal for a VoIP phone system, ensuring high-speed connectivity for modern business operations. This is a rare opportunity to acquire a versatile and well-equipped industrial property in a highly desirable location.

Property profile
Verified
Property type Industrial properties
Year built 1973
Total area 8,500 SF
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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